COSCO SHIPPING Development Co., Ltd. — Board/Management Information 2007

Sep 20, 2007

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2866)

CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement of China Shipping Container Lines Company Limited (the “Company”) dated 26 June 2007 regarding, amongst others, results of AGM and change in directors.

The board of directors of the Company (the “Board”) would like to clarify that:

• (i) Mr. Wang Daxiong, a non-executive director of the Company, has also been a director of China Merchants Bank Co., Ltd., a listed public company, since 27 March 1998;

• (ii) Mr. Li Shaode, an executive director of the Company, was no longer the chairman of the board of China United Tally Co., Ltd. from 13 April 2007;

• (iii) Mr. Zhang Guofa, an executive director of the Company, has also been a director and the chairman of the board of China United Tally Co., Ltd. since 13 April 2007. He is also not a director of China Shipping Air Cargo Co., Ltd.;

• (iv) Mr. Yao Zuozhi, a non-executive director of the Company, was no longer a director of China Shipping Development Company Limited from 29 March 2007; and

• (v) Mr. Hu Hanxiang, an independent non-executive director, has also been an independent director of China Merchants Energy Shipping Co., Ltd. since 27 December 2004 and Ningbo Marine Company Limited since 28 April 2006, both of which are listed public companies.

By order of the Board of China Shipping Container Lines Company Limited Ye Yumang Company Secretary

Shanghai, the People’s Republic of China 20 September 2007

The Board as at the date of this announcement comprises of Mr. Li Shaode, Mr. Zhang Guofa, Mr. Huang Xiaowen and Mr. Zhao Hongzhou, being executive Directors, Mr. Ma Zehua, Mr. Zhang Jianhua, Mr. Wang Daxiong, Mr. Yao Zuozhi and Mr. Xu Hui, being non- executive Directors, and Mr. Hu Hanxiang, Mr. Jim Poon (also known as Pan Zhanyuan), Mr. Wang Zongxi and Mr. Shen Kangchen, being independent non-executive Directors.

• The Company is registered as an oversea company under Part XI of the Companies Ordinance (Chapter 32 of the Laws of Hong Kong) under its Chinese name and the English name “China Shipping Container Lines Company Limited”.

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